Teachers Advisors LLC trimmed its holdings in shares of Washington Prime Group Inc. (NYSE:WPG) by 56.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,048,769 shares of the real estate investment trust’s stock after selling 1,375,027 shares during the quarter. Teachers Advisors LLC owned 0.56% of Washington Prime Group worth $8,778,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Washington Prime Group by 2.8% during the 1st quarter. Vanguard Group Inc. now owns 35,917,881 shares of the real estate investment trust’s stock valued at $312,126,000 after buying an additional 977,722 shares in the last quarter. BlackRock Inc. raised its position in shares of Washington Prime Group by 6,927.1% during the 1st quarter. BlackRock Inc. now owns 24,434,249 shares of the real estate investment trust’s stock valued at $212,335,000 after buying an additional 24,086,536 shares in the last quarter. State Street Corp raised its position in shares of Washington Prime Group by 0.6% during the 1st quarter. State Street Corp now owns 8,566,191 shares of the real estate investment trust’s stock valued at $74,442,000 after buying an additional 52,274 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Washington Prime Group by 42.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 6,413,013 shares of the real estate investment trust’s stock valued at $53,677,000 after buying an additional 1,907,079 shares in the last quarter. Finally, APG Asset Management US Inc. purchased a new stake in shares of Washington Prime Group during the 2nd quarter valued at about $40,827,000. Hedge funds and other institutional investors own 92.00% of the company’s stock.

Several brokerages recently commented on WPG. Zacks Investment Research upgraded shares of Washington Prime Group from a “sell” rating to a “hold” rating in a report on Thursday. ValuEngine upgraded shares of Washington Prime Group from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Boenning Scattergood downgraded shares of Washington Prime Group from a “neutral” rating to an “under perform” rating in a report on Wednesday, August 23rd. BidaskClub downgraded shares of Washington Prime Group from a “buy” rating to a “hold” rating in a report on Friday, August 18th. Finally, TheStreet upgraded shares of Washington Prime Group from a “d+” rating to a “c” rating in a report on Wednesday, July 26th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold”.

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Shares of Washington Prime Group Inc. (WPG) traded down 0.34% during trading on Friday, reaching $8.67. 2,238,696 shares of the company traded hands. The firm has a 50 day moving average of $8.41 and a 200 day moving average of $8.49. The stock has a market capitalization of $1.61 billion, a PE ratio of 9.42 and a beta of 0.95. Washington Prime Group Inc. has a 52 week low of $7.31 and a 52 week high of $12.18.

Washington Prime Group (NYSE:WPG) last issued its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.06. Washington Prime Group had a net margin of 22.65% and a return on equity of 17.36%. The company had revenue of $189.17 million for the quarter, compared to the consensus estimate of $197.69 million. During the same period in the previous year, the firm earned $0.45 earnings per share. Washington Prime Group’s quarterly revenue was down 8.1% compared to the same quarter last year. On average, equities analysts predict that Washington Prime Group Inc. will post $0.94 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 11.53%. The ex-dividend date of this dividend was Wednesday, August 30th. Washington Prime Group’s dividend payout ratio is presently 108.70%.

Washington Prime Group Profile

Washington Prime Group Inc (WPG Inc), formerly WP Glimcher Inc, operates as a self-administered and self-managed real estate investment trust (REIT). The Company’s primary business is the ownership, development and management of retail real estate within the United States. The Company owns, develops and manages enclosed retail properties and community centers.

Institutional Ownership by Quarter for Washington Prime Group (NYSE:WPG)

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